Blockchain Effects On Economy

The results of a just released major blockchain study driven by the Commonwealth Scientific and Industrial Organisation’s (CSIRO’s) research unit Data61 predicts blockchain will have a profound effect on the Australian economy. Though it may take a while to reach mainstream adoption, the study’s authors sense they are on a cusp of something big – similar to the internet in the late 90’s. As they indicate, “further research is required to prove blockchain systems are trustworthy, work as intended, and are able to operate alongside legacy systems.” – these are exactly the sorts of issues Sky Republic intends to address with our forthcoming Trusted Digital Ecosystem.